Susan J. Ellspermann, a director at German American Bancorp, Inc. (NASDAQ:GABC), recently acquired shares in the company. According to an SEC filing, Ellspermann purchased 18.7617 shares of common stock on November 15 at a price of $45.305 per share, totaling approximately $849. This transaction was part of a prior election to use a portion of her director compensation to buy shares through the company's Dividend Reinvestment and Stock Purchase Plan. Following this transaction, Ellspermann holds 8,586.8037 shares directly.
InvestingPro Insights
The recent share acquisition by director Susan J. Ellspermann aligns with German American Bancorp's strong financial performance and shareholder-friendly policies. According to InvestingPro data, GABC has a market capitalization of $1.35 billion and a P/E ratio of 16.39, suggesting a reasonable valuation relative to its earnings.
InvestingPro Tips highlight that German American Bancorp has raised its dividend for 12 consecutive years and has maintained dividend payments for an impressive 32 consecutive years. This consistent dividend policy underscores the company's commitment to returning value to shareholders, which may have influenced Ellspermann's decision to reinvest her compensation in company stock.
The company's stock has shown remarkable strength, with InvestingPro data indicating a 56.8% price total return over the past year and a 36.58% return over the last six months. This performance is further supported by an InvestingPro Tip noting that GABC is trading near its 52-week high, with the current price at 97.18% of that peak.
For investors seeking more comprehensive analysis, InvestingPro offers 10 additional tips for GABC, providing a deeper understanding of the company's financial health and market position.
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